Celent

1 week ago | celent.com | Alenka Grealish |Bob Meara |Michael Bernard

Digital banking platform (DBP) capability has evolved significantly since Celent's 2022 vendor comparison. First, some leading functionality then has become table stakes today. Second, Celent finds new areas of differentiation emerging, including new models that represent a clear divergence from the offerings of just two years ago. As a result, choosing a new DBP today will be far more impactful on a financial institution’s (FI) future success than in years past.

1 week ago | celent.com | Karen Monks

A recent open letter from Patrick Odet, CISO of JP Morgan urges SaaS software providers to do more to secure their systems. He suggests that competition is forcing vendors to prioritize functionality over security and the result is a “quiet enablement of cyber attackers.”Odet brings up a very important point as so many industries, insurance included head into a digital technology world underpinned by cloud based solutions and solution providers.

1 month ago | celent.com | Donald Light

I enjoy writing and talking about Artificial General Intelligence (aka AGI). For example, see my Celent report, Artificial General Intelligence: What It Could Mean for Property/Casualty Insurers. On the one hand, everyone (or almost everyone) says AGI does not exist today. That makes it difficult to object to anything anyone says about AGI. It’s a bit like trying to argue with somebody who says that the average length of unicorns’ horns is exactly 4 inches.

1 month ago | celent.com | Colin Kerr |Gareth Lodge

IT spending in corporate banking will continue to grow from 2024 through to 2026 – even accelerating in most regions. Some of these increases will be eroded by inflation, and there is also a clear trend toward focusing investments that improve how the bank is run rather than toward innovation and growth initiatives. Top-level drivers of investment have subtly changed, with security and operational resilience jumping into the top three top three drivers or themes for the first time.

1 month ago | celent.com | Gareth Lodge

Many people around the world today will have woken up to the pictures of the fire at Heathrow. To say it will have caused disruption is an understatement – its not just those people going on holiday or travelling on business, but the amount of freight handled every day. And of course, the c1300 flights a day that are now disrupted.